EUHY vs. EUAD
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both exchange-traded funds - EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Both are passively managed. Over the past year, EUHY returned 6.03% vs -3.68% for EUAD. At a 0.33 correlation, their price movements are largely independent. EUHY charges 0.35%/yr vs 0.50%/yr for EUAD.
Performance
EUHY vs. EUAD - Performance Comparison
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Returns By Period
In the year-to-date period, EUHY achieves a 1.93% return, which is significantly higher than EUAD's -5.41% return.
EUHY
- 1D
- -0.14%
- 1M
- 1.00%
- YTD
- 1.93%
- 6M
- 2.44%
- 1Y
- 6.03%
- 3Y*
- 9.87%
- 5Y*
- 1.94%
- 10Y*
- 3.65%
EUAD
- 1D
- -1.53%
- 1M
- -1.14%
- YTD
- -5.41%
- 6M
- -1.74%
- 1Y
- -3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.93% | 17.41% | -3.13% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -5.41% | 74.51% | -3.62% |
Correlation
The correlation between EUHY and EUAD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.33 |
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Return for Risk
EUHY vs. EUAD — Risk / Return Rank
EUHY
EUAD
EUHY vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) and Select STOXX Europe Aerospace & Defense ETF (EUAD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EUHY | EUAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.00 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.17 | +1.90 |
| Martin ratioReturn relative to average drawdown | 4.14 | -0.41 | +4.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUHY | EUAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | -0.13 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.13 | -0.79 |
Drawdowns
EUHY vs. EUAD - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, which is greater than EUAD's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for EUHY and EUAD.
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Drawdown Indicators
| EUHY | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -22.04% | -10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -22.04% | +18.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -17.46% | +17.31% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -5.62% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 8.99% | -7.53% |
Volatility
EUHY vs. EUAD - Volatility Comparison
The current volatility for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) is 1.07%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 11.32%. This indicates that EUHY experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHY | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 11.32% | -10.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 24.20% | -21.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 29.14% | -23.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 29.84% | -19.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 29.84% | -19.41% |
EUHY vs. EUAD - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is lower than EUAD's 0.50% expense ratio.
Dividends
EUHY vs. EUAD - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.33%, more than EUAD's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.42% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.33% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Frequently Asked Questions
EUHY and EUAD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (11.32%) compared to EUHY (1.07%). In terms of maximum drawdown, EUHY dropped -32.45% vs EUAD's -22.04%.
On 1-year performance, EUHY leads with 6.03% vs -3.68% for EUAD. On fees, EUHY is cheaper at 0.35% per year. On volatility, EUHY has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EUHY has performed better with a 6.03% return vs -3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUHY is cheaper with a 0.35% expense ratio, compared with 0.50% for EUAD.
EUHY has the higher dividend yield at 5.33%, compared with 0.42% for EUAD.
EUHY is categorized as High Yield Bonds, while EUAD is Aerospace & Defense. EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while EUAD tracks STOXX Europe Total Market Aerospace & Defense Index. They also come from different issuers: iShares and Select Funds. Their fees differ too: 0.35% for EUHY and 0.50% for EUAD.
EUHY currently has the higher Sharpe Ratio (1.10 vs -0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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